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Modernizing public financial management. | ||||
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FreeBalance® Accountability SuiteFreeBalance AssetsThe FreeBalance Assets module provides management of public assets and real-time information on purchases, asset sales, maintenance, operation, and disposal of assets. FreeBalance Assets supports fixed asset accounting, depreciation and inventory stores, consistent with the move to accrual accounting. It enables governments to accurately manage a wide range of variables, including renewal of service contracts, insurance policies, warranty periods, software licensing and services rendered.
FreeBalance Assets Highlights
The FreeBalance Assets module can be added and integrated with FreeBalance Financials during any stage of the IFMIS implementation process. Supported Standards The World Bank Treasury Reference Model (TRM), the IMF Code of Good Practices on Fiscal Transparency, United Nations Common Functions of Government (COFOG), IMF Government Finance Statistics (GFS), International Federation of Accountants International Public Sector Accounting Standards Board International Public Sector Accounting Standards (IPSASs), Medium Term Expenditure Frameworks (MTEF), and Generally Accepted Accounting Principles (GAAP). |